Sports Betting is a Crap Shoot

By Daniel Akst

March Madness bettors, take note: experienced sports gamblers who understand the game they’re betting on performed no better than complete novices in an Israeli study involving soccer.

Researchers recruited three groups of adults: 53 pathological sports gamblers (all but one male), 34 soccer fans, and 78 non-gamblers with little knowledge of soccer. All were asked to bet on the final scores of the European Champion’s League Round of 16.

All three groups performed about the same, although the top two individual bettors were women from the group that knew least about soccer. The researchers conclude that pathological sports gamblers labor under an “illusion of control,” and warrant cognitive therapy to rid them of the false belief that, through knowledge and experience, they can beat the odds.

Thanks for sharing – I am trying to build small community around my blog and I find these tips excellent!

10:47 am March 29, 2013

northbetsportsbook wrote :

Betting is very good source of earning for few peoples but on other hand few peoples thinks that it is not good, in this process few earns a lot of money but on other hand few loose money betting is good but it is not good for everyone.